UK Consultant Shake Up: Two In, One Out
JLT Employee Benefits and Buck Consultants see senior staff changes, while Redington hires to enter the DC market.
News
Cleveland Clinic Creates Internal CIO Role
The Annie E. Casey Foundation’s Stefan Strein has been appointed to lead the $13 billion foundation.
Carnegie Mellon Endowment Seeks Deputy CIO
The newly created director of investments role will run the $1.25 billion endowment’s private markets program.
Fortress Liquidates Flagship Hedge Fund
The investment firm announced it would close the $2.3 billion Fortress Macro fund after losing more than 17% this year.
Oil Price Collapse Fuels SWF Equity Sales
Some of the biggest investors in the world have withdrawn more than $2 billion from European markets since May.
Red Cross CIO Dismisses Top Two Staffers
A total of three investment team members will depart under new foundation chief Greg Williamson, CIO has learned.
The Case For Alternative Credit
Institutional investors are underutilizing the asset class and missing out on potential returns, according to Towers Watson.
Lifting the Lid on Asset Management’s Gender Problem
Columbia Threadneedle has included diversity statistics among its key corporate performance indicators for the first time.
A Lesson for US Defined Contribution
Russell Investments’ Bob Collie argues that the UK’s foremost DC fund can help US pensions construct their own quality retirement models.
‘Ambitious’ Pension Partnership Names Chair
A former regulator will lead one of the UK’s pioneering pension projects.
Investors Demand Answers over Emissions Lobbying
In the wake of the Volkswagen emissions scandal, investors are demanding greater transparency from manufacturers.
PIMCO Fees Under Scrutiny Following Gross Lawsuit
Morningstar says it will look into Bill Gross’ complaint that PIMCO has been “deliberately obfuscating the allocation of some fees.”
Corporate Pensions Likely to Miss 2015 Return Expectations
US corporate funds would need at least an 8.4% gain in the fourth quarter to make up for recent heavy losses, according to Milliman.
California Lawmakers Force Coal Divestments
CalPERS will engage with coal companies about climate change risks after a bill was signed into law this week.